Analysis brought to you by the experts at FC&S Online, the unquestioned authority on insurance coverage interpretation and analysis for the P&C industry. To find out more — or to have YOUR coverage question answered — visit the National Underwriter website, or contact the editors via Twitter: @FCSbulletins.

Question: When an insured hires a builder to make repairs (and) signs a contract with the builder, have they in fact "incurred" the cost and should therefore be entitled to the portion of the holdback amount above the ACV? 

— Ohio Subscriber

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